RE:RE:WHooa This Run is ImpressiveChief1 re SAEX look at the volume from 2012 til 2014. There is less then 200 shares traded per day. Now @ sub $10 you get 200K to 7 million. At these levels it's all momuntum traders and has nothing to do with fundamentals. The Co is essentially toast.
All that matters trading wise with SAEX is when you get a red candle (daily) followed by a green that breaks the high of the prior day red candle then buy just above the breakout. If the RSI is oversold then thats a bonus. Sell once the price hits the T-line (8-EMA)
Gneral Rule: Risk versus reward Never anticipate earnings on any equity ever! Piggy back never try and predict. Concordia met or beat earnings 6 out of 8 times before the last one. If you bet they would beat last quarter you would have had a 40% hair cut overnight AND much more following that! The BTE pumpers were saying that BTE would be $10 by July 2016 ie. Q3 but I tried to warn them in June that the oil trend changed and historically the BTE sp has little to nothing to do with earnings rleases (unles there is a guidance surprise). Some listened and some didn't who sat on the elevator watching their gains dsappear all July while I shorted.
If SAEX Q3 beats it will explode on monentum but crash on day 2 to day 3. IE. HMNY exploded 100% friday because RSI daily hit 10ish and the float is only 300K. 5.3 million shares traded friday ie 18 times the float with zero news. Ttraders were waiting to ponnce @ $5.5 support.
Now when HMNY reaches $4.52 you can buy it then and wait for a supernova bounce.
Other then that one of many unlucky13 swing trades will be to buy DGAZ now if it reaches $4.75 by thursday and sell at the end of Nov. 2016 once it hits $5.95. BUT I trade mostly daily so bail if things dont go as I expect. No need to guess on OPEC or China or EIA bs.
DON''t MISS THE RUNS! There are so many.